Wells Fargo analyst Joe O'Dea maintains $Honeywell (HON.US)$ with a hold rating, and adjusts the target price from $207 to $215.
According to TipRanks data, the analyst has a success rate of 60.2% and a total average return of 8.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Honeywell (HON.US)$'s main analysts recently are as follows:
The company's Q3 report was found to be below expectations, particularly after previous suggestions of being at the higher end of the range for Q3 and management's earlier positive outlook on trends leading into 2025.
The firm notes that 'less encouraging' demand trends across select end markets impacted the shares following the earnings report. Nonetheless, the company's persistent emphasis on growth endeavors and the potential for portfolio optimization are expected to bolster its long-term sales growth objectives.
The aspiration for Honeywell to achieve a 10% earnings growth, aligning with the midpoint of the 8-12% through-cycle algorithm by 2025, remains challenging. Nevertheless, it is anticipated that there will soon be a recalibration of analysts' projections.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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